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UK's Natwest, Monzo, Santander among first firms to test AI with UK financial watchdog

( December 3, 2025, 10:32 GMT | Official Statement) -- MLex Summary: The UK Financial Conduct Authority has named the first cohort of firms that will test artificial intelligence with the watchdog to understand the potential benefits and risks better. The firms are Gain Credit, Homeprotect as part of the Avantia Group, NatWest, Monzo, Santander, Scottish Widows as part of Lloyds Banking Group and Snorkl. Applications for the second cohort will open in January 2026.  Statement follows....

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